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Security Type
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Debt
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Categories
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Technology, Entertainment, Community & Lifestyle
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Min Investment
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$100
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Offering Date
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July 23, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$1.07M
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No. Investors
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75
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Security Price
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$1.37
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Valuation
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$10,000,000
- Number of Employees
- 3
- Cash
- $23,149
- Revenue
- $0
- Short Term Debt
- $92,500
- Cost of Goods
- $0
- Long Term Debt
- $75,000
- Net Income
- $-1,851
Company Description
Vocana is a platform built to help creators activate their fanbase. Vocana has built a Native Web and iOS Application that is currently being tested and set to Beta release in Q2 2021.
Key Deal Facts
Streaming Platforms currently generate more than 30 Billion annually
Our app will level the playing field for independent artists, allowing them to generate more revenue from their fanbase
Allows fans to better engage with their favorite new and old artists, helping to support their dreams
100K streams on a major streaming platform pays an Artist only $400 and no direct access to fans
Vocana is a desperately needed business tool for Music Professionals to easily promote their brand
Management Team / Advisory Board Bios
Jim Knight, CEO & Investor
Entrepreneur who has created a Healthcare Outsourcing company which has grown to nearly 20 Million and is also passionate about music and investing and creating an application that can allow artists the ability to create a self-sustaining business.
Dale Chorba, President & Co-Founder
Dale is Vocana's lead investor. He has over 33 years of executive recruiting & client development with Fortune 500 firms and privately-held companies. His firm Action Management is featured on the 2021 list of Forbes America's Top Recruiting Firms.
Thomas Poplar, Chief Information Officer
My background is in Finance, Analytics, and Software Development. I am driven to help Independent Music Professionals create their own successful brands and earn a living while doing it. My focus is on feature scope, software development and testing.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.